FEATURED COMPANIES

AbstractStandard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Lower Moreland Township Authority, Pa.'s series 2011 guaranteed sewer revenue bonds, issued on behalf of Lower Moreland Township. At the same time, Standard & Poor's affirmed its 'AA+' rating, with a stable outlook, on the township's general obligation (GO) and guaranteed sewer debt. The rating reflects our opinion of the township's: Access to the Philadelphia area employment market; Very strong wealth and income levels; Sound financial position, with available general fund reserves equal to at least 24% of expenditures in the past three audited fiscal years; and Rapid amortization schedule coupled with limited capital needs. An offsetting factor is the township's high debt burden on a...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress
Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS
READ MORE >